http://www.ajc.com/business/competition-among-banks-heating-607996.html
If you live or work in GA, we have great news for you – competition among banks as they are being bought up is causing a riot of low rates for business credit lines and a better ground to creating wealth and financial freedom.
Buyers of the state’s banks, which are failing, are pushing for more work to be done. This means for consumers, a competing bank may often pay you cash to switch to them, and for businesses, it means you could get better terms on your business credit lines.
Its’ good when banks really start to compete for their business, says Credit wise Advisors. When you have a bank who really wants your business, it means they could offer you better banking and better deals on business credit lines, so when you are starting out trying to create financial freedom, creating wealth is as easy as going to different banks and seeing what they want to offer you if you switch to them.
35 JPMorgan Chase branches are expected to open in Atlanta, and the business of lending to small businesses has been evolving over the last several months. Chase bank took over Washington Mutual and is now offering cash incentives for people all over the country – not just in Georgia – to switch over to their bank. While being offered cash sounds awesome, Credit Wise Advisors warns that you need to look at the rates of business credit lines – this will be your biggest business with the bank. Don’t join because they offer you a hundred dollars to join their bank, only to find out the interest on their business credit lines adds a large amount on your payments. It makes it harder for you to create wealth and obtain financial freedom when you are in a position where you are paying more than it’s worth to be spending.
“Banks are fighting for any good loan they can get,” said E. Jenner Wood III, CEO for Atlanta and Georgia for SunTrust Banks. This means that you have a bigger and better chance of building your business credit, which always leads to creating wealth both for your personal use and your business.
So many people are getting new business credit so they can work to pay off of their personal debt and in turn build up both their profiles. When banks come and offer deals like this, people eat it up because it’s a way for them to essentially start creating wealth for their businesses, and they ultimately achieve financial freedom for themselves both personally and in the business world. Banks are beginning to see this, and offering better rates on business credit lines means attracting the new small business owner, who is also more inclined to start their business now that they are protected by Obama’s Small Business Act.
There are many companies who have been sitting on cash instead of getting loans for growth, because they are scared of the economy and what will happen to their money, but there is a growing group of people just starting to look for loans. Most of these people are new to the market, with fresh business credit, if any credit at all and banks know that. They know that growing their assets starts with you, the small business owner, and they have to start offering you great deals on business credit lines if they ever expect to grow. Jump in on this opportunity now to get a great rate, and once you lock it in you will begin creating wealth and be on your way to financial freedom.
If you need help building business credit or funding solutions, contact us today. We can be reached at 888.456.9223. We are offering a FREE e-book, just for visiting our site! Learn how to get $25,000 or even $250,000 to fund your business.
Tags: business credit line, business credit lines, business line of credit, business lines of credit, credit line, credit lines, line of credit, lines of credit, small business, small businesses
